Truist Financial Has Lowered Expectations for CACI International (NYSE:CACI) Stock Price

CACI International (NYSE:CACI) had its target price decreased by Truist Financial from $650.00 to $550.00 in a research report report published on Friday morning,Benzinga reports. Truist Financial currently has a buy rating on the information technology services provider’s stock.

A number of other equities analysts also recently weighed in on CACI. Robert W. Baird raised their target price on shares of CACI International from $533.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Wells Fargo & Company raised their price objective on CACI International from $525.00 to $577.00 and gave the company an “overweight” rating in a research report on Tuesday, October 1st. TD Cowen increased their target price on CACI International from $545.00 to $570.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on CACI International from $520.00 to $555.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group increased their price objective on shares of CACI International from $471.00 to $520.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $537.20.

CACI International Price Performance

Shares of CACI stock opened at $464.60 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a market cap of $10.41 billion, a P/E ratio of 23.02, a P/E/G ratio of 1.45 and a beta of 0.91. The business’s 50 day moving average price is $516.95 and its 200-day moving average price is $470.67. CACI International has a fifty-two week low of $314.06 and a fifty-two week high of $588.26.

CACI International (NYSE:CACI) last issued its quarterly earnings data on Wednesday, October 23rd. The information technology services provider reported $5.93 EPS for the quarter, topping the consensus estimate of $5.08 by $0.85. CACI International had a net margin of 5.77% and a return on equity of 14.78%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same period in the prior year, the business earned $4.36 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts anticipate that CACI International will post 23.47 earnings per share for the current year.

Insider Transactions at CACI International

In other CACI International news, EVP J William Koegel, Jr. sold 970 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $483.27, for a total value of $468,771.90. Following the transaction, the executive vice president now owns 22,651 shares of the company’s stock, valued at $10,946,548.77. This represents a 4.11 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gregory R. Bradford sold 10,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $492.41, for a total transaction of $4,924,100.00. Following the completion of the transaction, the insider now directly owns 35,538 shares in the company, valued at $17,499,266.58. This represents a 21.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. increased its holdings in CACI International by 40.0% during the third quarter. First Horizon Advisors Inc. now owns 63 shares of the information technology services provider’s stock valued at $32,000 after buying an additional 18 shares during the period. Rosenberg Matthew Hamilton raised its position in shares of CACI International by 9.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 212 shares of the information technology services provider’s stock worth $107,000 after acquiring an additional 19 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of CACI International by 81.4% during the 3rd quarter. UMB Bank n.a. now owns 78 shares of the information technology services provider’s stock worth $39,000 after purchasing an additional 35 shares during the last quarter. Captrust Financial Advisors boosted its position in CACI International by 10.2% during the third quarter. Captrust Financial Advisors now owns 823 shares of the information technology services provider’s stock valued at $415,000 after purchasing an additional 76 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in CACI International by 49.1% in the third quarter. TD Private Client Wealth LLC now owns 252 shares of the information technology services provider’s stock valued at $127,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 86.43% of the company’s stock.

CACI International Company Profile

CACI International Inc, through its subsidiaries, engages in the provision of expertise and technology to enterprise and mission customers in support of national security in the intelligence, defense, and federal civilian sectors. The company operates through two segments, Domestic Operations and International Operations.